FET Tax Slippage: Unfair Advantage and Lost Dollars for U.S. Hunting, Conservation, and Archery Manufactures
Federal Excise Tax Issues Slippage
A 10- to 11-percent tax manufacturers pay on the first sale of firearms, ammunition and some archery equipment established by the Pittman-Robertson Act.
What is FET Slippage?
Federal excise tax avoidance
In short, millions of federal excise tax dollars are being lost each year when foreign manufacturers sell products “direct to U.S. consumers” mainly through the internet. Over 55 conservation organizations have joined together to notify the Senate and House to take corrective action against this unfair practice. They hope to see legislative action within the next year.
- WHY IT’S IMPORTANT TO YOU/WHY YOU SHOULD ACT:
Although this is a tax, bowhunters, conservation efforts, and wildlife DIRECTLY benefit from those tax dollars. All of the FET revenue is collected by the IRS, then sent to the U.S. Fish and Wildlife Service, where it is distributed to EACH state wildlife agency.
FET dollars are applied to:
- Habitat Restoration
- Hunter Education
- Wildlife Research
- Public-access Programs
- High-Priority Nationwide Conservation Projects
This tax directly benefits bowhunters by ensuring they have places to hunt and animals to pursue.